New search
Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
21 Elm Park, Groveland, MA 01834-1201
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0027708
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1849
Construction
FRAME
Total area
1,768 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B
APN
GROV M:10 B:030 L:0
UPID
US38-0027708
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$558k
Blend (final)
Blend
$505k
Owner & transaction history
Landmark RT · 1 yrs held
Landmark RT
since 2024
7 recorded transactions
Zoning & alternative use
B · Groveland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$455,000
+29.0%
Auto repair, garage
$425,000
+20.2%
Retail stores
$395,000
+11.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Groveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Groveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$350,000
Current use
OFFICE BUILDING
$455,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$425,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$395,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$286 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,808
Tax year 2024
Assessed value
$502,800
Assessed 2024
Previous assessed
$507,900
-1.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$175,500
Assessed improvement
$327,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1849
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Rooms
4
Bathrooms
3
Total area
1,768 SF
Lot
0.25 ac (10,890 SF)
Zoning code
B
APN
GROV M:10 B:030 L:0
UPID
US38-0027708
Jurisdiction
GROVELAND
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Groveland, MA
Zoning B · permitted uses
B · Groveland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Groveland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$350,000
OFFICE BUILDING
Est. value
$455,000
AUTO REPAIR, GARAGE
Est. value
$425,000
RETAIL STORES
Est. value
$395,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1849
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Rooms
4
Bathrooms
3
Lot
0.25 ac
Current owner
From public records · entity-resolved
Landmark RT
Individual
Mailing address
8 FEDERAL WAY, GROVELAND, MA 01834-1568
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2024
—
Landmark RT
Waterview Management LLC
Quitclaim Deed
related
$126,750 · Signal Financing Reso
Jan 5, 2018
$260,000
Waterview Management LLC
Beginning Realty Trust
Quit Claim Deed
—
Jan 8, 2010
—
Just Beginning RT
—
Deed Of Trust
related
$200,000 · Georgetown Savings Bank
Mar 4, 2005
$390,000
Elizabeth G Rose
Zorumski,matthew
Grant Deed
$351,000 · Georgetown Savings Bank
Sep 8, 2003
—
Mattew Zorumski
—
Deed Of Trust
related
$49,000 · Dynamic Capital Mortgage
Aug 25, 2003
—
Matthew Zorumski
—
Deed Of Trust
related
$53,000 · Dynamic Capital Mortgage
Apr 22, 2003
—
Matthew M Zorumski
—
Deed Of Trust
related
$297,200 · Dynamic Capital Mortgage
Mar 5, 2002
$356,325
Matthew Zorumski
Andree,raymond A
Grant Deed
$300,000 · Dewolfe Mortgage Svcs INC
Aug 31, 2001
—
Raymond A Andree
—
Deed Of Trust
related
$275,000 · Prime Mortgage Financial
Jan 7, 1999
$217,700
Raymond A Andree
Charles Hope Co
Grant Deed
$195,000 · Norwest Mortgage INC
Aug 12, 1998
$120,000
Charles Hope Co
Gage Joseph A Est
Grant Deed
$119,000 · Pentucket Five Cents
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21 Elm Park?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
